BTL Share Purchase Plan Opens

• Beetaloo Energy Australia Limited (BTL.ASX) announces opening of $5 million Share Purchase Plan
• Eligible shareholders can apply for $500 to $30,000 worth of new shares at $0.28 per share
• Funds to be used for Carpentaria Gas Plant works, flow testing, seismic acquisition, and other corporate purposes

Beetaloo Energy Australia Limited (BTL.ASX) is pleased to announce the opening of a Share Purchase Plan (SPP) to raise up to $5 million. The SPP follows the successful completion of a $66.3 million placement to institutional and sophisticated investors. Eligible shareholders on the register as of 9 April 2026 with an Australian or New Zealand address can apply for a minimum of $500 and up to $30,000 worth of new shares at the offer price of $0.28 per share. The $30,000 maximum subscription is reduced by any amount subscribed under the previous May 2025 SPP. The SPP is subject to shareholder approval at the Company's Annual General Meeting on 29 May 2026. Funds raised will be used for completion of Carpentaria Gas Plant works, continuation of flow testing at Carpentaria-5H, future work program items, Western Beetaloo seismic acquisition, Territory Sands Investment, corporate costs, partial repayment of the R&D Credit Facility, and additional working capital. Participation in the SPP is optional for eligible shareholders.

The Company expects to raise up to $5 million through the Share Purchase Plan, in addition to the $66.3 million raised through the recent placement.